September 17th, 2003, 12:35 AM
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Major
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Join Date: May 2003
Location: Solomon Islands
Posts: 1,180
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Re: [OT] Another heated discussion about the Iraq siutation, war and politics.
Quote:
Originally posted by rextorres:
If the deficit is not an issue then why do we have to cut anything? Why not have a trillion dollar deficit? Who buys these bonds. What happens like in Argentina or Mexico when the interest on the debt (it's already our third biggest expenditure on par with entitlements) is larger than the revenue from taxes.
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Actually, I think that East Asians buy A LOT of American bonds. |